Flag Belgium / Austria Flag

2019
FlagFlag
Exports
: $3.88B, Rnk 17 / 219

2019
FlagFlag
Top Product
: $549M, Cars

2019
FlagFlag
Exports
: $3.18B, Rnk 14 / 212

2019
FlagFlag
Top Product
: $635M, Cars

2019
Flag
Economic Complexity (ECI)
: ECI 1.34, Rnk 18 / 146

2019
Flag
Economic Complexity (ECI)
: ECI 1.59, Rnk 9 / 146

2019
Flag  
GDP
: $533B, CURRENT US$
Rnk 23 / 187

2009-2019
Flag
GDP GROWTH
: 10.8%, CURRENT US$
Rnk 161 / 187

2019
Flag
 GDP
: $445B, CURRENT US$
Rnk 27 / 187

2009-2019
Flag
GDP GROWTH
: 11.2%, CURRENT US$
Rnk 160 / 187

2019
Flag
GDP PC 
: $46,421, CURRENT US$
Rnk 19 / 187

2009-2019
Flag
GDP PC GROWTH
: 4.12%, CURRENT US$
Rnk 147 / 187

2019
Flag
GDP PC
: $50,138, CURRENT US$
Rnk 15 / 187

2009-2019
Flag
GDP PC GROWTH
: 4.53%, CURRENT US$
Rnk 146 / 187

Belgium-Austria In 2019, Belgium exported $3.88B to Austria. The main products that Belgium exported to Austria are Cars ($549M), Blood, antisera, vaccines, toxins and cultures ($249M), and Vehicle Parts ($153M). During the last 20 years the exports of Belgium to Austria have increased at an annualized rate of 3.83%, from $1.83B in 1999 to $3.88B in 2019.

In 2018, Belgium exported services to Austria worth $933M, with Other business services ($429M), Transportation ($272M), and Computer and information services ($91M) being the largest in terms of value.

Austria-Belgium In 2019, Austria exported $3.18B to Belgium . The main products that Austria exported to Belgium were Cars ($635M), Blood, antisera, vaccines, toxins and cultures ($506M), and Flavored Water ($106M). During the last 20 years the exports of Austria to Belgium have increased at an annualized rate of 5.9%, from $1.01B in 1999 to $3.18B in 2019.

In 2019, Austria exported services to Belgium worth $916M, with Travel ($440M), Other business services ($298M), and Computer and information services ($149M) being the largest in terms of value.

Comparison In 2019,  Belgium ranked 18 in the Economic Complexity Index (ECI 1.34), and 12 in total exports ($411B). That same year, Austria ranked 9 in the Economic Complexity Index (ECI 1.59), and 31 in total exports ($172B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value
Compare to

In 2019, Belgium exported $3.88B to Austria. The main products exported from Belgium to Austria were Cars ($549M), Blood, antisera, vaccines, toxins and cultures ($249M), and Vehicle Parts ($153M). During the last 20 years the exports of Belgium to Austria have increased at an annualized rate of 3.83%, from $1.83B in 1999 to $3.88B in 2019.

In 2019, Austria exported $3.18B to Belgium. The main products exported from Austria to Belgium were Cars ($635M), Blood, antisera, vaccines, toxins and cultures ($506M), and Flavored Water ($106M). During the last 20 years the exports of Austria to Belgium have increased at an annualized rate of 5.9%, from $1.01B in 1999 to $3.18B in 2019.

Belgium Exports

#permalink to section

Austria Exports

#permalink to section

Market Competitiveness

#permalink to section
Measure

Belgium
Top Destination
: Germany, $68.9B

Austria
Top Destination
: Germany, $48.4B

This map shows whether countries import more from Belgium or Austria. Each country is colored based on the difference in imports they receive from Belgium and Austria or the difference in the growth in imports.

In 2019, countries that imported more from Belgium than Austria were Netherlands ($53.1B), France ($55.6B), and United Kingdom ($33.3B).

In 2019, countries that imported more from Austria than Belgium were Hungary ($6.56B), Slovenia ($3.57B), and Switzerland ($8.51B).

Comparative Advantage Belgium - Austria

#permalink to section
Depth

This chart compares trade between Belgium and Austria by product, considering products traded by both, Belgium and Austria.

During 2019, Belgium had a large net trade with Austria in the exports of Transportation ($846M), Chemical Products ($796M), and Machines ($516M).

During 2019, Austria had a large net trade with Belgium in the exports of Chemical Products ($828M), Transportation ($809M), and Machines ($425M).

Bilateral Service Trade

#permalink to section

In 2018, Belgium exported services to Austria worth $933M, with Other business services ($429M), Transportation ($272M), and Computer and information services ($91M) being the largest in terms of value.

In 2019, Austria exported services to Belgium worth $916M, with Travel ($440M), Other business services ($298M), and Computer and information services ($149M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Austria. Similarly, the more red a dot/product is, the more Austria has comparative advantage over Belgium.